A latest on-chain investigation signifies a hacker plundered $29 million value of the Solana (SOL) rival Sui (SUI) from a single sufferer final month.
The on-chain sleuth ZachXBT uncovered the hack, which he notes occurred on December twelfth.
“The stolen funds have been bridged from Sui to Ethereum by way of Bridgers after which deposited to Twister Money in batches…
The sufferer transferred their .sui domains to a brand new uncompromised deal with shortly after the theft. Present limitations with Sui block explorers and Sui analytics instruments make the theft tough to hint.”
Twister Money is an Ethereum (ETH)-based coin mixing system that helps customers conceal their digital belongings. The US sanctioned the controversial venture in 2022 for nationwide safety functions.
Losses from crypto hacks and scams surged in 2024, in keeping with the blockchain safety agency PeckShield.
The agency said earlier this month that the full worth loss within the crypto sector final yr exceeded $3.01 billion, a 15% enhance from the 2023 complete.
That quantity included $2.15 billion stolen in hacks and $834.5 million looted in scams. PeckShield additionally famous that $488.5 million value of crypto was recovered.
Regardless of the surge in digital asset losses final yr, 2024 nonetheless wasn’t as prolific as 2022, which clocked $3.6 billion value of worth loss throughout the sector.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Price Action
Comply with us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you might incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in online marketing.
Generated Picture: Midjourney
